Policies in Premier Li's Annual Report Would Inject More Risk Into Financial System

BEIJING—China's proposed financial makeover for 2014 involves policies that would bring greater risks to a system that has grown used to bailouts and other government support, as Beijing tries to push its reform agenda without hindering growth.

The proposals were included in an annual work report by Premier Li Keqiang to the country's rubber-stamp legislature that is China's version of the U.S.'s State of the Union Address, though...

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